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Bằng tiếng việt
Mongoloor
The delegation of Golomt Bank (Mongolia) paid an official visit to the IBEC headquarters in Moscow. The parties summed up the first results of dynamically developing cooperation in the field of supporting foreign trade and discussed promising areas for business development. It is significant that under the General Agreement, concluded in 2018, the banks have already implemented a package of targeted trade financing transactions for a total amount equivalent to 21.5 million euros. The negotiations resulted in a new agreement on cooperation in the field of trade finance. On the part of Golomt Bank (Mongolia), the document was signed by the President of the Bank, Mr. Ganbold Galsan, on the part of IBEC – by the Chairman of the Board, Denis Ivanov.
The document provides for partnership in the field of export and trade finance, support for small and medium-sized enterprises, the development of bilateral and multilateral transactions between companies from the IBEC member states.
As IBEC head Denis Ivanov noted, “Golomt Bank, being one of the leading Mongolian financial institutions, has become for IBEC a reliable partner and an effective guide for our objectives in Mongolia. We are pleased to continue and develop cooperation.”
The agreement includes the use of the following credit and documentary instruments of export and trade finance:
- warranty operations (including issuing guarantees, counter-guarantees, stand-by letters of credit);
- letter of credit operations (including post financing and discounting on letters of credit);
- interbank reimbursement operations;
- participation in syndicated lending in areas consistent with the interests of the parties;
- financing of foreign economic operations under the insurance coverage of export credit agencies.
The parties also agreed to exchange information regarding the banking practice of export and trade finance in the IBEC member states.
Golomt Bank – founded in 1995, is one of the systemically important and leading private banks in Mongolia. Golomt Bank operates with a well-balanced presence in all three market segments: Corporate, SME, and Retail. Golomt Bank serves nearly 80% of the corporate market and leading the local SME development initiatives. Recently, the Bank has become an active member of United Nations Environmental Program – Financial Institution group (UNEP FI) to advocate more environmentally and sustainably conscious strategies into daily operations and strategies.
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